Word: yerington
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Dates: during 1950-1959
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...other step was taken by the Defense Materials Procurement Agency. It made a deal with the giant Anaconda Copper Co. to boost its output more than 30,000 tons a year by putting Nevada's Yerington mine into production. Chairman Cornelius Kelley will spend $33 million of Anaconda's money developing the property; for its part, DMPA agreed to buy any copper from the mine that Kelley cannot sell in the first six producing years, for 25½? a Ib. (v. the present ceiling price of 24½?), the first premium price deal for metals to be made...